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In December, he took his wife and property to Switzerland to avoid taxes. Now, Jim Roger Nordly (56) is publicly saying he wants to move back home.
“We chose to relocate because we saw that the burden on the company of having me as the owner was becoming so great that it was unsustainable,” said manager and owner Jim Roger Nordly.
He runs the Nordly Group, which has a turnover of around NOK 2.3 billion and in which fish vaccine company Stim is a key.
– I’m not that smart.
Last winter, he reduced his stake in Stim to 30% after the Green Investment Fund was launched. The principle of fairness Bought 70%.
– When I sold myself at Stim, I looked at the financial performance of the other companies as a whole and agreed to pay me a high enough salary to cover my taxes. I don’t want people standing by my company 24/7 to pay my salary. I’m not that smart and don’t deserve that kind of salary.
– Then I have to do something, he said.
We’re sitting in the company’s modern main building in Leknes, in the Lofoten Islands.
Nordly has built its empire here since the early 1990s.
He really wanted to still live in the place where he created the values.
– I was a local patriot. This was where we wanted to do business, but when we calculated the total tax costs, I concluded that it was no longer possible. We moved.
– And then we’ll go home again
He said Switzerland welcomed them.
– businesses and authorities. So good that most of the people I spoke to who moved to Switzerland said they would stay there no matter what happened in Norway.
Nordley wasn’t there.
– If we make changes that mean my company is not penalized for having Norwegian owners, then I would consider moving back home. It’s as simple as that, that’s it. I want to invest further in Norway.
– What needs to be done?
– 1. A new business policy is needed that makes it clear that they will support those who want to develop in this country. 2. They must treat Norwegian and foreign owners equally. They do not pay wealth tax, and while our dividend tax is 38%, foreigners pay 15% on dividends.
– Are you hinting that if Erna Solberg returns to power and becomes Prime Minister, you will move back home?
– No, but if she comes back and makes the necessary changes, then we will go home again.
He said that tax breaks for Norwegian shipowners in these regions, meaning they pay taxes on par with foreign shipowners, could open the way for tax increases elsewhere.
– If corporate tax rises from 22% to 23-24%, that’s probably OK because it affects us and foreign owners equally.
– Incompetence
He slaughters the current government.
– Since taking office, they have sent only negative signals. We have great ambitions on behalf of our company, but we have never experienced anything from the Støre government to accomplish anything.
There is little in between in the North.
– They brag about how business is going well in Norway. Our business life is going well because the government has such bad policies that no one has confidence in the Norwegian krone, which makes us a low-cost country in terms of currency:
– The Lofoten Islands are full of American tourists, he said, pointing to a large cruise ship docked at the pier.
– It brings a lot of revenue to Norway, but it is actually due to incompetence.
Vedic Criticism
Finance Minister Trygve Slagsvold Vedum began to take aquaculture seriously when the government introduced a land rent tax on aquaculture.
The basic rent tax is a levy on industries that access Norwegian public resources: oil companies, agriculture and electricity companies.
– stupid
Nordley disputes that characterization.
– This is stupid and wrong. It is OK for the state to impose such a tax on an industry into which the state invests resources. But the fact that there are breeding facilities in the fjord has nothing to do with the use of public resources.
– Does it seem like complaining about imposing what seems like a very sensible tax on an industry that makes many owners rich?
He shook his head again.
– Aquaculture pays the same amount of taxes as all other companies, and they pay taxes on research and marketing. There is a strange focus on aquaculture. It seems to me that people in the central region of eastern Norway think it is not OK to make money outside of eastern Norway.
He continued enthusiastically:
– If they are after excess profits, then they have to look around. If you look at which industries in Norway are actually doing well and which ones are making ridiculously high profits, you are wrong when it comes to aquaculture, he said, pointing to a group in Oslo:
– Law firm in Oslo. There, someone from a law firm gave them a billion. Very sick.
– unfair
We put it to him like this: when you create value and your own wealth in Norway, then part of that hard work is to contribute to tax revenues for schools, hospitals, nursing homes and other welfare services for your children and grandchildren:
– Do you realize that many Norwegians working as nurses, bus drivers or other ordinary professions react when some of the country’s richest people evade taxes abroad?
– It’s not that I stopped paying taxes. I pay a lot of taxes in Norway through the companies I run here. I do it very happily. I think it’s extremely unfair that foreigners who compete with us don’t have to pay taxes in Norway.
He has a grand plan to move away from producing fish vaccines and toward helping people.
Read more about it here:
Erna Solberg sat and listened. She did her best to make promises to lure Nordli and others back from Switzerland.
Solberg’s move
– A good start is to say no Departure TaxAbolish wealth tax
Working capitalWorking capitalFunds and other assets that are actively used in a business to produce income, as opposed to capital that is held solely for investment and not used in day-to-day operations. and pursue policies that support all businesses, small and large
Contributing to value creation, innovation and development of cities and regions every day
She said these areas.
– Trends
Trygve Slagsvold Vedum said he was grateful to everyone who created things in Norway, including Nordly.
– Give him a warm welcome home.
– But he doesn’t want to do that because of your government’s policies?
– Norway is one of the richest countries in the world. This happens in a country that also has a model with free education and healthcare, etc. Then we have the Norwegian model, which also includes free schools and healthcare. It is a unique welfare model, which means that more people succeed than in Switzerland.
Highly skilled and loudmouthed?
He denied the charge of incompetence.
– Investments in mainland Norwegian companies are at a record high, higher than during the Solberg government. And his comments on the krona exchange rate are very tendentious. The development of the Norwegian krona exchange rate is almost the same as that of the Swedish krona. It is the small currencies that have been affected recently. This is the common point and the main reason.
He laughed when we asked him about Nordli’s following statement:
“Weidum didn’t seem to let anything get to his head.”
– I know a lot of people who are very skilled and talkative. Nordly might be one of them.
PS: Nordly would answer this question if he had been or is currently involved in the Conservative Party: – I was involved in the Young Conservatives locally about 40 years ago.
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